Korean Car Maker to Build Two Factories in First Major Overseas Expansion in Three Years

SEOUL—Hyundai Motor Co. said Tuesday it plans to build two new production plants in China, instead of one, to compete with bigger rivals in the world’s largest automobile market.

Hyundai, which is the world’s fifth-largest auto maker when combined with its affiliate Kia Motors Corp., said it would build a plant in the northeastern Hebei province in addition to its earlier announced planned factory in the southwestern city of Chongqing.